Freedom Holding Corp. Achieves 17% Revenue Growth in Q1 FY2026, Fueled by Insurance and Banking Performance

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NEW YORK, Aug. 9, 2025 /PRNewswire/ — Freedom Holding Corp. (Nasdaq: FRHC), the diversified financial services and technology group, is making headlines this week after reporting a solid start to its fiscal year 2026. The company announced unaudited first-quarter results revealing a 17% year-over-year jump in revenue, hitting $533.4 million. This performance underscores the robustness of Freedom Holding’s strategic diversification across both emerging and developed markets.

“These Q1 numbers aren’t just figures; they represent the momentum we’re building across our key business areas,” stated Timur Turlov, CEO of Freedom Holding Corp. “We’re not just maintaining pace; we’re actively investing in cutting-edge technology and expanding our product suite. Our focus remains on deepening our market penetration, particularly in Central Asia and Europe, where we see significant growth opportunities.”

Breaking Down the Q1 FY2026 Numbers:

Total revenue: $533.4 million (+17% YoY)
Net income attributable to common shareholders: $30.4 million, or $0.50 per diluted share
Operating cash flow: $480.8 million
Total assets: $9.69 billion
Shareholders’ equity: $1.23 billion

The banking segment saw a remarkable 60% surge in revenue, reaching $146.2 million, fueled by Freedom Bank Kazakhstan’s expanding customer base, which grew from 2.5 million to 2.9 million. The insurance arm also delivered strong gains, with revenue climbing 18% to $174 million. Net insurance premiums earned, net of reinsurance, reached $153.3 million, reflecting the segment’s solid underwriting performance and expanding client base, now at 1.4 million.

The brokerage segment contributed $176.3 million in revenue, a modest 1% increase year-on-year. Despite the slight uptick, the number of brokerage accounts swelled from 683,000 to 725,000, demonstrating the appeal of Freedom Holding’s platform to new investors.

The company’s diverse portfolio, including lifestyle and telecoms businesses, generated $36.9 million in revenue, highlighting the growing traction of Arbuz.kz, Freedom Ticketon, Aviata, and Freedom Telecom.

A strategic pivot in trading securities also boosted the bottom line, with a net gain of $45.6 million during the quarter ended June 30, 2025. This is a notable turnaround from a net loss of $52.1 million during the same period last year, fueled primarily by the increased market valuation of Kazakhstan government bonds within the group’s investment portfolio.

Strategic Moves and Cost Management

Freedom Holding further solidified its market position during the quarter by acquiring Astel Group Ltd, reinforcing its telecoms infrastructure under the Freedom Telecom banner.

Total company expenses for the quarter landed at $492.9 million, reflecting the costs associated with operating a multi-faceted global business. This includes $113.4 million in interest expense, $84.9 million in fee and commission expenses, $93.1 million in payroll and bonuses, and $24.5 million in advertising and sponsorship expenses. The company views these expenditures as strategic investments that will drive sustained expansion and long-term growth.

Even with rising costs and foreign exchange fluctuations, the group maintained profitability with a net profit of $30.4 million, translating to diluted earnings per share (EPS) of $0.50.

Balance Sheet Highlights:

Cash and cash equivalents: $567.9 million
Restricted cash: $1.1 billion (primarily for client accounts)
Investment securities portfolio: $2.8 billion
Loan portfolio: $1.75 billion, including $231.7 million to related parties

About Freedom Holding Corp.

Freedom Holding Corp. operates across 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia, offering a range of financial services. Headquartered in New York City, Freedom has established a robust financial and digital ecosystem in Kazakhstan, encompassing Freedom Bank, Freedom Broker, Freedom Life and Freedom Insurance, along with lifestyle platforms like Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. trades on the U.S. NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. The company is regulated by the U.S. Securities and Exchange Commission (SEC) and is included on the Russell 3000 Index.

Contact

Public relations
Natalia Kharlashina
Freedom Holding Corp.
[email protected]

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